+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

  • The purchase is made by an individual, not a legal entity.
  • The buyer is not going to rent out the acquired property.
  • This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.
A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26744

2

Bedrooms

3

Bathrooms

86 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

2 bedroom apartment for sale, in a new high-rise located in the Makenzy neighbourhood of ​​Larnaca. The project is located just 50 meters from the sea, has a stylish design and provides a comfortable and luxurious lifestyle in the Mediterranean. It's a luxury and spacious apartment. Each of the residences has panoramic sea views, underground parking and a storage room. The favourable location of the project allows residents to get quick and convenient access to the city and resort infrastructure. Double Glazing, Energy Efficient Glass VRV , heating and cooling gym, on-site spacious entrance lobby with a concierge, reception area, underground parking, walking distance to restaurants, coffee shops, pubs, and clubs, cycling lanes by the sea, strolling corniche sidewalk connecting Mckenzie to Finikoudes and the New Marina of Larnaca, walking distance to Cyprus Marine and Maritime Institute The project is in the early stage of construction.

Features

Veranda

Veranda

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26744

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26744

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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